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No. of Recommendations: 1
The problem with LTC is when to buy it. Buy it too soon and you spend a lot of money before you need too even though the rates will be lower. Try to buy it too late and you may not be able to find an insurer who will sell it to you at a price you can afford or even at all.

The other issues are:
1.) Will the policy be affordable until it is needed?
A problem is that as the premiums increase and discretionary income decreases with age, it may not be possible to continue to pay the premiums
2.) Will the policy cover enough to be useable?
To little coverage and the policy is useless
To much coverage and the policy maybe unaffordable
3.) Will the policy be maintained?
I have seen two issues:
as early dementia increases, policy holders either forget to pay the premium or become annoyed at it cancel it
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